Methodology

The Chandelier Exit is a volatility-based trailing stop, built from a 22-session lookback and a 3× ATR multiplier. It trails price from the highest close in that lookback window, stepping down its stop level only as the trend extends. A buy flip happens when the session price closes back above that trailing stop after having been below it — the scanner's signal for a fresh bullish trend change. SELL signals use the mirrored bearish flip and confirmation rules. Every symbol in a covered NSE universe (F&O, NIFTY 500, NIFTY Midcap 150, and NIFTY Smallcap 250) is checked; only candidates that clear all seven qualification filters below enter the signals list.

A Chandelier flip on its own isn't enough — every signal on Signl has already cleared six directional technical confirmations plus the NSE delivery-participation gate before it appears on the dashboard. The descriptions below use the BUY side; SELL mirrors them.

Every result already passed all seven filters above — confidence is a simple, transparent bonus score on top of that, not a separate backend signal. It rewards signals that cleared those bars especially comfortably:

• +1RSI14 in the stronger half of its band (62–75)
• +1Close very near the day's high (close location ≥ 0.85)
• +1Signal-day volume at least 2× the 20-day average

3 points → High, 1–2 points → Medium, 0 points → Low.

Separately from the confirmation filters — which are frozen as of the signal bar — the scanner re-grades every live signal's health from the most recent daily bar on each run. A signal is flagged “ready to exit / signal strength lost” when both are true on that latest bar:

• The candle closed against the signal — a down day for a long, an up day for a short.
• The LazyBear Squeeze Momentum histogram printed two consecutive dark / fadingbars — momentum is no longer strengthening in the signal's direction.

It is not sticky: a later bar that closes with the signal, or prints a bright (still-expanding) momentum bar, clears the warning on the next scan. Signl surfaces it as an amber Exit warning badge on the signal cards, table and detail page, and you can filter to just these under Status → Exit warnings only.

• BUY and SELL signals. The scanner applies mirrored directional confirmation rules to bullish and bearish Chandelier flips.
• ADX and Squeeze are context, not scanner gates. They inform confidence and optional dashboard filters, but do not decide whether a daily scan candidate enters the signals database. Historical backtests can still enable them as explicit strategy filters.
• Target is computed, not backend data. It's Entry + R × (Entry − StopLoss), always marked "(est.)" — a risk-multiple projection you choose, not a price target from any data source.
• Each signal is a stored result, read from the last time that symbol's flip was confirmed — not necessarily from the same scan pass as any other symbol on the dashboard.

Signl is a research tool, not investment advice. Signals are generated by a rules-based technical scanner (Chandelier Exit) and Target levels are computed estimates based on risk multiples, not guarantees. Trading involves risk of loss — size positions and set stops according to your own risk tolerance.